Head of Environmental Liability
Munich Re Specialty - North America · Chicago, IL · 1 wk ago
HybridFinance$227k/yrFull-time
About the role
We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.
The Opportunity
Future focused and always one step ahead!
Key Responsibilities
- Drive the product development, strategy, and production for specialty environmental products including site, contracting, CPL and UST products, as well as the retention and growth of profitable products to support the growing environmental liability market segment.
- Lead the build out, creation and maintenance of the environmental underwriting team
- Attract, manage and mentor a team of underwriters, providing guidance and support.
- Drive the distribution strategy by cultivating new and existing broker relationships that includes development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals.
- Develop and execute underwriting strategy and appetite
- Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement
- Underwrite, market, quote, bind and retain a profitable book of specialty business that meets profitability and growth targets.
- Operate within granted authority and make referrals to underwriting leadership as appropriate.
- Cultivate and maintain strong relationships with brokers and insured parties across the U.S.
- Collaborate with cross-functional teams to ensure alignment and execution of business objective
- Assist in day to day operations and projects as assigned which could have client, business group, divisional and corporate impact.
- Maintain Underwriting governance across the team
- Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc.
Qualifications
- Advanced working knowledge of Environmental products and pricing, UW processes and procedures, market and competition, laws and regulations, strategic planning, and relevant industry trends that have been developed in 10+ years of experience
- Experience in managing a P&L
- Experience with attracting, motivating, organizing and driving underwriting talent toward a mutual goal
- Excellent underwriting, marketing and analytical skills that have been developed in +10 years of experience
- Successful track record of developing and maintaining strong relationships with brokers
- Ability to think strategically and function tactically
- Strong ability to lead, manage and effectively influence peers.
- Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions
- Ability to present and negotiate complex agreements with brokers and internal stakeholders, as well as develop and maintain strong relationships
- Effective time management and organizational skills
- Tech savviness and a willingness to experiment with and learn new technologies
- Willingness to travel up to 25%